Hi everyone,I am considering selling my primary residence in Portland to raise some more cash (already mortgaged) but would like to continue living in the house for 1+ year.  

Investment Info:Single-family residence buy & hold investment in Houston.

Painting or residing if need be will encourage tenants to respect the property more or get more respectful tenants.

Rather than placing it on the market during the slower selling months of October - February; we put a resident in it on a 6 month lease so that when the lease is up in the spring 2019, it will be the start of peak selling season. 

Investment Info:Single-family residence buy & hold investment in Fort Smith.

Investment Info:Single-family residence fix & flip investment in Fort Smith.

If you are getting a loan as a primary residence you must intend to occupy the property as your residence. if you buy and say you are buying it as your residence but the whole time you are planning to basically not live in it, that is  lying and could get you in trouble for mortgage fraud. you may not get caught, but if you do it is taken seriously, beside legal trouble lender could call the mortgage due if they found out you were lying.

It's a second loan on top of the FHA product.You have to continuously reside in the property for 5 years for it to be forgiven.You won't be able to refinance the property with zero equity.

The plan would be to use this replacement property as an investment and then turn it into a second home or a primary residence after we sell our current home tax free.  

Investment Info:Single-family residence fix & flip investment in Mobile.